News

DUBAI / WAM Businesses in Dubai are confident of closing the year on improved revenues and a stronger footing with economic growth expected to gain momentum during the months ahead. The quarterly business survey of Dubai Economy showed that the Composite Business Confidence Index (BCI), of local businesses increased 14.9 points and reached 129.8 points in the third quarter of ...

ABU DHABI / WAM The United Arab Emirates has characterised news of US military action targeting Daesh leader Abu Bakr Al Baghdadi as a positive step towards strengthening international counter-terror efforts. In a statement released by the Ministry of Foreign Affairs and International Cooperation on Tuesday, Dr Obaid Al Ketbi, Assistant Foreign Minister for Military and Security Affairs, said, “The ...

Abu Dhabi / WAM Abu Dhabi Global Market (ADGM), issued new Employment Regulations 2019 and the Compensation Awards and Limits Rules 2019, replacing its previous legislative framework regarding employment matters. The new legislation takes into consideration public consultation that was undertaken earlier this year to review, improve ADGM’s legislative framework relating to employment. The new Regulations and Rules strengthen ADGM’s ...

ABU DHABI / WAM During his official visit to the UAE, Ueli Maurer, President of Switzerland, has participated in the groundbreaking for the Swiss pavilion at the site of Expo 2020 Dubai, accompanied by a Swiss delegation. As part of his visit to Expo, the Swiss President was received by Najeeb Mohammed Al Ali, Executive Director of the Dubai Expo ...

Dubai / WAM Union Coop has announced the immediate recruitment of 44 UAE nationals during its ‘Open Day’ recruitment drive, held at Etihad Mall. Director of Human Resources and Emiratisation at Union Coop Ahmed bin Kenaid said, “Union Coop has organised 6 ‘Open Day’ recruitment drives since the beginning of the year 2019, as a part of its commitment to ...

Fujairah / Emirates Business National Bank of Fujairah (NBF) is building a dedicated banking platform for Small and Medium Enterprises (SME) in the UAE, providing access to comprehensive financial and business services and solutions. The platform will be an exclusive digital space co-created with SMEs to understand and address their needs better. Positioned as a community platform ‘For SMEs by ...

Abu Dhabi / Emirates Business Etihad Airways (Etihad), the national airline of the UAE, and Cleveland Clinic Abu Dhabi, the pioneering multispecialty hospital, have signed an agreement – the first of its kind in the region between an airline and medical services provider – that will see the two organisations collaborate to promote Abu Dhabi as a premier medical travel ...

Bloomberg General Motors (GM) Co, Toyota Motor Corp and Fiat Chrysler Automobiles NV plan to back President Donald Trump in a contentious battle with California officials over automobile emissions rules, splitting with major rivals including Ford Motor Co. GM, Toyota and several other automakers plan to intervene on the administration’s behalf in a lawsuit filed by environmental groups challenging the ...

Bloomberg PG&E Corp will cut the lights to as many as 1.8 million Californians in a deliberate mass shutoff, the latest in an unprecedented string of blackouts that the bankrupt California utility giant has orchestrated to prevent wildfires. PG&E will start cutting the lights to as many as 605,000 homes and businesses in parts of the San Francisco Bay Area, ...

Bloomberg The payday-loan business was in decline. Regulators were circling, storefronts were vanishing and investors were abandoning the industry’s biggest companies en masse. And yet today, just a few years later, many of the same subprime lenders that specialised in the debt are promoting an almost equally onerous type of credit. It’s called the online installment loan, a form of ...